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DeFiance Capital Founder Compares Altcoin Market to a ‘Lemon’s Market’

As anticipation builds for a potential altcoin season, investor sentiment remains conflicted amid growing concerns over the quality and transparency of many newly listed tokens. While some traders are positioning for an upside in smaller-cap digital assets, skepticism is mounting around the increasing number of questionable altcoins appearing on centralized exchanges. These tokens, often backed by little more than hype or obscure teams, are raising red flags across the industry. Altcoin Market Quality Declining DeFiance Capital founder Arthur Cheong, for one, has raised serious concerns about the transparency of the liquid crypto market in a recent tweet. He highlighted what he sees as the growing problem of undisclosed collaboration between crypto projects and market makers, which may result in artificially sustained token prices. In a recent tweet , Cheong warned that this lack of transparency makes it difficult to distinguish between organic market activity and price manipulation. He also criticized centralized exchanges (CEXs) for ignoring these practices, which he believes are eroding trust in the altcoin market. Cheong even said that the current landscape is similar to a “lemon’s market,” where investor confidence is rapidly declining. Additionally, he pointed out that most token generation event (TGE) listings this year have seen prices collapse by 70-90% shortly after launch, which has left investors with massive losses. He called for major industry players to take action and warned that without reform, a significant portion of the market would remain uninvestable. MANTRA’s OM Token Controversy The founder’s comments come at a time as MANTRA’s OM token experienced a sharp decline, losing over 90% of its value in just a span of an hour on April 14th. The event reignited fears of insider trading and tokenomics manipulation. The exchange highlighted major alterations to OM’s tokenomics since October 2024 and flagged unusual trading activity from related wallet addresses dating back to March. The OM token crash adds to a growing list of failed or troubled crypto assets, a trend that has only intensified over the past decade. According to crypto wallet provider Tangem , from 2013 to 2025, over 12,000 cryptocurrencies have failed, while a total of 12,383 coins have become defunct. The main causes behind these failures range from low trading activity and project abandonment to scams and failed ICOs. The post DeFiance Capital Founder Compares Altcoin Market to a ‘Lemon’s Market’ appeared first on CryptoPotato . CoinOtag

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XRP whale just moved over $60m amid ETF hype

XRP has recorded a notable large transaction after an unidentified whale moved 29.5 million tokens, worth approximately $63.8 million, to cryptocurrency exchange Coinbase . On-chain analysts often interpret such large transfers to exchanges as a bearish signal since they typically suggest the holder may be preparing to sell. Large inflows to centralized exchanges can increase short-term selling pressure, which may negatively impact prices. The April 15 transaction comes amid growing hype around a potential spot XRP exchange-traded fund ( ETF ) approval. XRP whale transfer to Coinbase. Source: Whale Alert XRP ETF hype Data indicates that XRP has taken the lead in the race for a spot cryptocurrency ETF. The token currently has at least 10 active ETF filings, more than any other altcoin, including Solana, Litecoin, and Dogecoin. Among the names of XRP ETF applications are Bitwise, ProShares, Grayscale, WisdomTree, Franklin Templeton, and Hashdex. Live crypto ETF applications. Source: Kaiko The flurry of filings marks a key milestone for XRP, which will likely attract institutional capital if approved by the SEC. The regulator has until mid-October to decide on the product. Notably, the odds of such a product being approved have received a major boost as the long-standing SEC vs. Ripple case nears its conclusion . Meanwhile, Teucrium recently boosted XRP’s liquidity by launching a 2x leveraged XRP ETF , which tracks European ETPs and swaps to deliver twice XRP’s daily returns. It became Teucrium’s top-performing fund, trading over $5 million on launch day, adding crucial momentum to XRP’s push for U.S. spot ETF approval. XRP price analysis As of press time, XRP was trading at $2.13, gaining about 0.6% in the last 24 hours. Over the past week, the token has rallied more than 12%. XRP seven-day price chart. Source: Finbold XRP’s price is currently caught between a short-term bearish bias, trading below its 50-day simple moving average ( SMA ), and a long-term bullish structure, holding above its 200-day SMA. Combined with neutral market sentiment, suggesting the asset may see sideways or slightly downward movement unless new bullish catalysts, such as ETF news, emerge to reignite momentum. Featured image via Shutterstock The post XRP whale just moved over $60m amid ETF hype appeared first on Finbold . CoinOtag